Word: profits
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Dates: during 1960-1969
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...American Telephone & Telegraph on the line for 20 months, during which 66 witnesses filled 10,000 pages with testimony, the Federal Communications Commission last week had a message for the company: Mother Bell was making too much money. The FCC held that A.T. & T. should put less of its profit back into the business, instead use the money to reduce its customers' telephone bills. Specifically, the FCC wanted reduction of charges on long-distance and international telephone service by $120 million a year, an average...
Barring reports of irregularities such as coercive campaigning, the Labor Relations Board is expected to certify the results of the July 20 election by about August 1. Although Harvard--as a non-profit organization--is not legally bound to recognize the union which is declared the winner, it has said that it would...
...drive to provide author-professors with better editing as well as better contracts and royalties. Shugg has also installed computer billing and full-time coast-to-coast salesmen, written eyecatching ads that are more seductive than sedate. Although most university presses fail to turn a profit, the Chicago Press has made $500,000 in the past ten years...
...getting more responsible as their influence increases. That process of improvement can only be furthered if the rest of the U.S. observes their work a little warily, but with understanding. Princeton Professor Eric Goldman believes that p.r. can be an indispensable asset to U.S. society in reconciling the profit motive with the public interest. To the extent that p.r. men respect the intelligence of the public, the public will respect them, as helpers in the increasingly difficult struggle to unravel the complex situations and cryptic messages of modern life...
...Edwin O'Connor's The Last Hurrah. Choate's vision of the role of the Herald and the Traveler in Boston would never have allowed him to cease so arbitrarily the publication of one or the other. But Akerson is a businessman, not a visionary, and for him the profit and loss sheet determines the length of a paper's life. The Traveler, whatever its value as a voice, was just losing too much money...